Tamilnad Mercantile Bank vs UCO Bank Fixed Deposit Comparison 2025
Compare Fixed Deposit interest rates, maturity amounts, and features between Tamilnad Mercantile Bank (Private Sector) and UCO Bank (Public Sector). Analyze the security of public sector banking versus the convenience of private sector services.
TMB
UCO Bank
Adjust the parameters below to see how returns compare between the two banks
Five Lakhs rupees
Interest Rate Comparison
General rates across different tenures
Current selection: 3 years (1095 days) -TMB: % |UCO Bank: %
Direct comparison of general rates
Feature Comparison
Features | TMB Private Sector | UCO Bank Public Sector |
|---|---|---|
Minimum FD Amount | ₹1,000 | ₹1,000 |
Current Interest Rate(Selected Tenure) | % | % |
Premature Withdrawal Penalty | 1% | 1% |
Official Rate Source | View Official Rates | View Official Rates |
Key Advantages:
Key Advantages:
₹5 Lakh Insurance Limit
The Deposit Insurance and Credit Guarantee Corporation (DICGC) provides insurance coverage of up to ₹5 lakhs per depositor per bank. This means if you deposit more than ₹5 lakhs in a single bank, only ₹5 lakhs is guaranteed by the government.
⚠️ Recommendation:
Never deposit more than ₹5 lakhs in a single bank. If you have larger amounts, distribute them across multiple banks to ensure full insurance coverage.
Smart Distribution Strategy
For ₹10 lakhs: Split between TMB (₹5L) + UCO Bank (₹5L)
For ₹15 lakhs: Add a third bank to the mix
Best of Both: Combine TMB (convenience) with UCO Bank (security)
💡 Pro Tip:
You can also open FDs in different family members' names in the same bank to get additional ₹5 lakh coverage for each account holder.
Key Insights & Recommendations
- •Minimum amount: ₹1,000
- •Private Sector banking preference
- •Private Sector Bank established in 1921
- •Consistently offers higher FD rates for several years
- •Special TMB400 deposit scheme at 7.00% for senior citizens
- •Minimum amount: ₹1,000
- •Public Sector banking preference
- •Government-owned public sector bank
- •Established in 1943, nationalized in 1969
- •Wide branch network across India
- •Split large amounts across both banks
- •Keep ≤₹5L per bank for insurance
- •Use TMB for convenience
- •Use UCO Bank for stability
- •Review rates periodically
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